LiquidityBook is set to acquire boutique capital markets fintech provider, Messer Financial Software, in a bid to accelerate its multi-asset capabilities.
As part of the acquisition, Bryan Messer has been appointed general manager of Asia Pacific, managing director of portfolio management solutions and artificial intelligence at LiquidityBook, with his staff also joining. In addition, the accounting and reconciliation engines of Messer Financial Software will be integrated.
Speaking in an announcement, Messer highlighted the similarities between the companies in terms of their respective technology, culture and evolution, adding: “Our functionality is essentially complementary and with both companies following an API-first model, integration was straightforward.”
The product integration partnership between the two businesses was in the works for over a year, with LiquidityBook now offering new features following the addition of Messer, including: financing automation for products such as swaps and credit instruments (such as ABS, CDS and loans); powerful reconciliation tools; dashboards for both buy- and sell-side clients.
In the same announcement, LiquidityBook confirmed the general availability of LBX PMS 2.0 – its newly enhanced portfolio management (PM) and accounting system, which is set to be further enhanced by the addition of a PM system, accounting and reconciliation service provider, Messer.
In-demand functionality has been added, with robust accounting and reconciliation workflows integrated into both LBX’s buy-side and sell-side products, as well as full ABOR/IBOR, AUM and shadow NAV capabilities added.
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